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The $1 trillion Cryptocurrency Economy is close

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More Than $1.1 Billion Liquidated Over the Last 48 Hours
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LEARN HOW TO TRADE, BITCOIN, EOS, ETHEREUM, LIGHTBLOCKS MEDIA

The cryptocurrency industry is currently moving towards the $1 trillion market cap after Bitcoin soared above $36,000. The crypto industry gained $130 billion within 24 hours, reaching a $980 billion market cap (just $20 billion away from the grand $1 trillion market cap).

According to the recent data, the $1 trillion cryptocurrency economy is close, as the overall market gained significant value in the last 24 hours. The world’s largest cryptocurrency, Bitcoin, is currently topping the list with a market cap of almost $675 billion.

Ethereum is also among the best-performing assets, as the cryptocurrency recorded a 60% increase in market cap within the last seven days to reach $130 billion. As of writing, the price of ETH is around $1,120 after recording a high of $1,160 today.

Apart from Bitcoin and Ethereum, other cryptocurrencies like Litecoin, Cardano, and Polkadot also gained significant value in the last few days. Litecoin already took over XRP as the fourth-largest cryptocurrency in the world after the US SEC filed a lawsuit against Ripple for trading unregistered securities in the form of XRP.

Cryptocurrency Economy will hit $1 trillion soon

Top-performing cryptocurrency assets

The world’s best-performing cryptocurrencies have received massive support within the last few days due to a significant increase in value. However, other cryptocurrency assets like Cardano and Stellar have surpassed Bitcoin and Ethereum in percentage gain.

Stellar has gained more than 60% in the last 24 hours and more than 70% within the last seven days, as the total market cap of the cryptocurrency reached $5 billion. XLM also recorded significant gains after the Ukrainian Ministry of Digital Transformation announced its plans to work with Stellar Development Foundation to introduce virtual assets in the country.

In addition to that, Polkadot, Bitcoin Cash, and Chainlink recorded an increase in value as they all gained more than 20% in the last few days.

Institutional adoption is seriously pushing the cryptocurrency economy towards the $1 trillion market cap. And with the progress so far, there is enough proof that the industry might hit that margin sooner than we anticipated.

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